Repono Limited, a company offering warehousing and liquid terminal services to India’s oil and petrochemical sector, has closed its IPO subscription with strong demand, reflecting high investor confidence. The IPO, a Book Built Issue, opened for subscription on July 28, 2025, and closed on July 30, 2025.

The issue saw a subscription of 15.05 times by the final day, according to live BSE data. The company has a reputation for providing 360-degree storage solutions for critical petroleum products, and its client base includes top oil and petrochemical companies in India.

IPO Details

The Repono IPO comprises a fresh issue of 27.79 lakh shares, aggregating to ₹26.68 crores. There is no offer-for-sale component. The price band for the IPO is set between ₹91 to ₹96 per share. With a lot size of 1,200 shares, the minimum investment for retail investors is ₹2,30,400 (2 lots). The company’s market capitalization at the upper price band stands at ₹98.68 crores.

The book-running lead manager is Wealth Mine Networks Private Limited, while CAMEO Corporate Services Limited acts as the registrar. The market maker for the issue is JSK Securities and Services Private Limited. The IPO shares will be listed on the BSE SME platform, with a tentative listing date of August 04, 2025.

Repono IPO GMP Today

As per reports on July 23, 2025, the Grey Market Premium (GMP) for Repono Limited was ₹15, suggesting an expected listing price of ₹110, a 15.78% premium over the upper band of ₹96. It’s important to note that GMP is unofficial and based on grey market demand and supply, hence should not be considered a reliable valuation metric.

Live Subscription Status

As of 11:00 AM on July 30, 2025, the final day of subscription, the IPO was subscribed 15.05 times. This figure underscores strong retail and non-institutional investor demand. Investors could track live updates on the BSE website during the subscription window.

Anchor Investor Allocation

On July 27, 2025, Repono Limited raised ₹7.60 crore from Anchor Investors at the price of ₹96 per share, allotting 7,92,000 equity shares. This allotment came from the QIB (Qualified Institutional Buyers) reservation portion, indicating early institutional confidence.

Repono Limited GMP Trend - Day Wise

Allotment Date & How to Check Status

The Repono IPO allotment date is scheduled for Thursday, July 31, 2025. Investors can check their allotment status on the registrar's website by following these steps:

1. Visit the IPO allotment status page on CAMEO Corporate Services Ltd.

2. Select ‘Repono Limited IPO’ from the dropdown menu.

3. Enter your Application Number, PAN, or DP Client ID.

4. Submit the details to view your status.

Use of IPO Proceeds

Repono Limited plans to deploy the net proceeds towards:

1. ₹724.10 lakh for capital expenditure (purchase of Forklift, Reach Stacker, etc.)

2. ₹160.48 lakh to set up Warehouse Racking System

3. ₹105.02 lakh to develop Warehouse Management Software

4. ₹950.00 lakh towards working capital requirements

5. Remaining funds for general corporate purposes

These allocations reflect the company’s focus on expansion, operational efficiency, and technology integration.

Company Overview

Repono Limited provides integrated warehousing and liquid terminal solutions with engineering, consultancy, operation and maintenance, and value-added logistics services. The company operates primarily in India’s oil and petrochemical ecosystem, making it a critical player in the petroleum storage value chain.

Promoters and Leadership

The company is promoted by:

• Mr. Dibyendu Deepak, with 27 years’ experience in petrochemicals and senior management roles in business strategy, sales, and marketing

• Mr. Sankalpa Bhattacherjee, also with 27 years’ experience in the Oil & Gas industry

Their extensive industry knowledge forms the strategic backbone of Repono’s operations.

Financial Performance

These figures demonstrate consistent growth in revenue and profitability over the past three years.

Valuation Metrics

• Pre-Issue EPS (FY24): ₹6.87

• Post-Issue EPS (FY24): ₹5.01

• Pre-Issue P/E Ratio: 13.82x

• Post-Issue P/E Ratio: 18.97x

• Industry P/E Ratio: 28x

• ROCE (FY24): 38.39%

• ROE (FY24): 44.22%

• RoNW: 36.21%

These metrics suggest the IPO is reasonably priced, especially when compared to industry peers.

Expert Review and Recommendation

Considering Repono’s growth trajectory, industry relevance, and moderate valuations, the IPO appears to be a decent opportunity for investors with a higher risk appetite.

• The company has strong promoters, good financial growth, and a diversified revenue model.

• The GMP trend suggests short-term listing gains, although market volatility could influence final outcomes.

• Given the SME nature of the IPO, investors should be mindful of lower liquidity and higher risks in post-listing trades.

Recommendation: Risk-taking investors may consider applying for listing gains, with a close eye on market sentiments.

Disclaimer

The above article is for informational and educational purposes only and should not be considered as financial advice. Investors are encouraged to consult with a SEBI-registered financial advisor before making any investment decisions. Past performance does not guarantee future returns. Market risks apply.

The Upcoming IPOs in this week and coming weeks are BLT Logistics, Bhadora Industries, Highway Infrastructure, Flysbs Aviation, Parth Electricals & Engineering, Jyoti Global Plast, Cash Ur Drive Marketing, Renol Polychem, Jyoti Global Plast, Jyoti Global Plast.

The Current active IPO are B.D. Industries (Pune), NSDL, Takyon Networks, Mehul Colours, M&B Engineering, Sri Lotus Developers & Realty, Aditya Infotech, Lakshmi India Finance, Kaytex Fabrics, Umiya Mobile, Repono.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.

Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst.